QGC looks to boost income from 'lost' gas

In a bid to generate an early stable revenue stream from its Berwyndale South gas field, coalbed methane hopeful Queensland Gas Company has decided to bring onstream gas that would normally be lost through flaring.

QGC told the market that revenues of $1.5 million per year revenue can be achieved by capturing and selling gas from wells drilled for reserved certification under the CS Energy contract. The gas, which would otherwise have been flared, will be transported to market via the Roma-to-Brisbane pipeline.

QGC said in order to achieve the plan, a permanent tie-in to the Roma-to-Brisbane pipeline will need to be constructed this year and negotiations with APT, the pipeline owner, have commenced.

Managing director Richard Cottee said the plan reflected its determination to complete the transition from an explorer to producer as quickly as possible.

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